Can Fin Homes Ltd... at a Glance

Transcription

1 Can Fin Homes Ltd... at a Glance 28 years of vision, passion and progress Offering home loans since and it is just a beginning Information to Investors 1QFY17 ended June

2 About us Legacy 28 year old institution registered as a deposit taking HFC with NHB Promoted by Canara Bank in the year 1987 which owns 43.45% shareholding of Can Fin Homes Listed in 1991, with uninterrupted dividend payment since inception Dominance in South (76% of business) as on June 30,2016 Focus To promote home ownership across India, with a motto of friendship finance and good service with focus on retail lending Housing Loan to individuals 83% of loan book as on June 30,2016 To have strong fundamentals with ethical & transparent practices and prudent underwriting` Reach Financials Vision Headquartered in Bangalore Pan-India presence with 120 branches & 50 Satellite Offices, spread across 19 States/Union Territories as on 30/06/16 Added 79 branches and 50 satellite offices in the last Five years YoY (June 15 to June 16) growth of Loan Book, NII, Operating Profit & Net Profit are 28%, 43%, 55% and 55% respectively. Gross NPA contained at 0.24% as on June 30, 2016; Net NPA at 0.04% AAA / A1+ ratings for Loans/ NCDs/ CP To reach the loan book size of Rs.35,000 Crore by March 2020 with high Asset quality with transparent and best ethical practices and prudent risk management practices. 2

3 Board of Directors Name of the Director Designation Occupation Shri. K.N.Prithviraj Chairman (Independent) Former Chairman and Managing Director, Oriental Bank of Commerce Shri Sarada Kumar Hota Managing Director (w.e.f. 19/05/2016) Deputy General Manager Canara Bank (Deputed to Can Fin) Shri.P.B.Santhana Krishnan Director (Independent) Practicing Chartered Accountant Shri T. V. Rao Director (Independent) Former Director (E.C.) EXIM Bank Smt P.V.Bharathi Director (Canara Bank Nominee) General Manager Canara bank Shri S. A. Kadur Director (Canara Bank Nominee) General Manager Canara Bank 3

4 Performance Highlights - 1Q FY17 Loan approvals, Disbursements & Outstanding Loan Book grew by 36%, 30% & 28% resp. Operating Profit, Net Profit up by 55% Y-o-Y backed by a NII growth of 43% Gross NPA continues to remain low at 0.24% (0.26% at Jun 15) Net NPA contained at 0.04% (0.08% at Jun 15). Provision Coverage of 84% (67% at Jun 15) 87% of fresh loan approvals during Q1 were for Housing & 13% for Non-Housing Loans Average ticket size of incremental Housing Loan & Non-Housing Loans are Rs.18 lakhs and Rs.9 lakhs respectively. 79% of the total loan book as at Jun 16 comes from Salaried & Professional segment. 4

5 Performance Highlights - 1Q FY17 Amounts in Rs. Crore Sl. No. Particulars Jun 15 (3m) Jun 16 (3m) Y-o-Y Gr Mar 16 (FY) 1 Approvals % Disbursements % Outstanding Loan Book % Interest Income % Fees & Other Income % Total Income 242, % Interest Expenditure % Other Expenditure % Total Expenditure % Profit Before Tax & Provisions % Net Interest Income % Cost to Income Ratio (%) %

6 Performance Highlights - 1Q FY17 Amounts in Rs. Crore Sl. No. Particulars Jun 15 (3m) Jun 16 (3m) Y-o-Y Gr Mar 16 (FY) 10 Profit Before Tax & Provisions % Provision for Standard Assets Provision for NPAs Profit Before Tax % Provision for Taxation & DTL % Profit After Tax % Gross NPA % Gross NPA Ratio (%) Net NPA % 0.00 Net NPA Ratio (%) Provision Coverage Ratio 67% 84% 100% 6

7 Key Quarterly Data Amounts in Rs. Crore Income Statement Mar14 Q 4 Jun14 Q 1 Sep14 Q 2 Dec14 Q 3 Mar15 Q4 Jun15 Q1 Sep 15 Q2 Dec 15 Q3 Mar 16 Q4 Jun16 Q1 NII Other income Total opex Provisions Tax/ DTL Net Profit *(post DTL) *18.96 *18.45 *25.95 *22.88 *32.10 *35.38 *42.18 *47.45 *49.73 Balance Sheet (Cum) Mar14 Q 4 Jun14 Q 1 Sep14 Q 2 Dec14 Q 3 Mar15 Q4 Jun15 Q1 Sep 15 Q2 Dec 15 Q3 Mar 16 Q4 Jun16 Q1 Shareholders Funds Borrowings 5,268 5, Loan book 5,844 6, Total assets 5,912 6, Key Ratios (Annualised) Mar14 Q 4 Jun14 Q 1 Sep14 Q 2 Dec14 Q 3 Mar15 Q4 Jun15 Q1 Sep 15 Q2 Dec 15 Q3 Mar 16 Q4 Jun16 Q1 NIM (%) (without Processing Charges) CAR (%) Gross NPA (%) Net NPA (%)

8 Fresh Approvals Rs. crores CAGR % Annual Growth.. Year on Year Q1 Growth.. Year on Year 4,418 3,670 2,907 2,093 1, ,194 FY12 FY13 FY14 FY15 FY16. 1QFY15 1QFY16 1QFY # of Branches/ Satellite Offices 8

9 Disbursement Profile Rs. crores CAGR % Annual Growth.. Year on Year Q1 Growth.. Year on Year 3,922 3,346 2,548 1, ,052 FY12 FY13 FY14 FY15 FY16. 1QFY15 1QFY16 1QFY # of Branches/ Satellite Offices 9

10 28.4% Loan Book Growth Rs. crores CAGR % ,643 11, ,844 6,355 8,231 8, ,674 4,016 0 Mar'12 Mar'13 Mar'14 Jun'14 Mar'15 Jun'15 Mar'16 Jun' # of Branches/ Satellite Offices 10

11 Asset Quality - Year on Year 1.60% 1.40% 1.43% 1.20% 1.07% 1.06% 1.00% 0.80% 0.71% 0.60% 0.40% 0.39% 0.20% 0.2% 0.21% 0.17% 0.19% 0.00% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 GNPA NNPA Nil Net NPA for successive 7 th Year 11

12 Asset Quality - Quarter on Quarter 0.35% 0.30% 0.25% 0.29% 0.28% 0.25% 0.26% 0.29% 0.27% 0.24% 0.21% 0.20% 0.17% 0.19% 0.15% 0.10% 0.09% 0.11% 0.09% 0.08% 0.10% 0.05% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 Jun'15 Sep'15 Dec'15 Mar'16 Jun'16 GNPA NNPA Provision Coverage of 84% at June 2016 (vs 67% at June 2015) 12

13 Net Profit Growth Rs. crores CAGR % Annual Growth.. Year on Year Q1 Growth.. Year on Year FY12 FY13 FY14 FY15 FY16. 1QFY15 1QFY16 1QFY # of Branches/ Satellite Offices 13

14 Capital Adequacy 25.0% 20.0% 19.10% 18.00% 18.40% 20.69% 19.53% 15.0% 16.10% 17.10% 12% 15.40% 13.80% 12% 12% 10.0% CAR NHB Requirement 5.0% 0.0% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Jun'16 * NHB requirement: 12% ; Rights issue amount Rs Cr received/accounted on 13/03/

15 Return Matrices - ROA & ROE 25% ROE 21.66% 20% 17.00% 17.89% 15% 10% 13.00% 14.00% 11.00% 5% ROA 1.75% 1.60% 1.53% 1.24% 1.69% 1.84% 0% Mar '12 Mar '13 Mar '14 Mar '15 Mar '16 Jun'16 ROE ROA *With Rights Issue (Rs.276 Cr) as on 13/03/15, No. of shares increased from 2.05 cr to 2.66 cr 15

16 Lending Basket Category-wise Product-wise Distribution of Loan Book Sl. No. Amounts in Rs. Crore Category/Product Mar-13 Mar-14 Mar-15 Mar-16 June-16 O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans ii) Top-up Personal Loans iii) Mortgage Loans/ Flexilap iv) Commercial HL+ Loans for Sites v) Others Sub Total (As a % to total) 86% 86% 84% 80% 79% 2 Non Salaried Class- Self Employed & Non Professionals i) Housing Loans ii) Top-up Personal Loans iii) Mortgage Loans/Flexi Lap iv) Commercial HL+ Loans for Sites v) Others Sub Total (As a % to total) 13% 14% 15% 19% 20% 3 Builder Loans (As a % to total) 0.65% 0.33% 0.34% 0.27% 0.24% 4 Staff Loans Grand Total

17 Funding Basket Funding Mix in June 2015 ( as%) Funding Mix in June 2016 (as%) Jun-15 Jun-16 Market Borrowings 28% DEP 3% BANKS 27% Market Borrowings 44% DEP 3% BANKS 19% NHB 42% NHB 34% Backed by AAA ratings for our borrowing/ncd & A1+ for CP programs, cost of borrowing stands reduced at 8.60% (vs 9.21% at Jun 15). 17

18 Ratings as on 31/03/16 Sl. No. Nature of Borrowing Rating Agency ICRA Ltd. FITCH CARE 1 Deposits MAAA Term Loans (Long) [ICRA] AAA Term Loans (short) [ICRA] A Secured NCDs (SRNCD) [ICRA] AAA IND AAA CARE AAA 5 Unsecured NCDs (Tier II Subordinated Bonds) [ICRA] AAA IND AAA CARE AAA 6 Commercial Paper [ICRA] A

19 Branch network branches & 50 Satellite Offices Karnataka Bengaluru (19 branches), Belgaum, Hubli, Davanagere, Mysore, Mangalore, Mandya, Shimoga, Tumkur, Udupi, Punjab - Chandigarh Goa Rajasthan Jaipur, Kota, Udaipur, Ajmer, Jodhpur Tamilnadu Hosur, Chennai (7 branches), Madurai, Namakkal, Trichy, Coimbatore, Salem, Erode, Vellore, Thiruchengode, Dindigul, Karur, Virudhunagar, Tirunelveli, CBE- P N Palyam, Tirupur,, Kumbakonam, Thoothukudi, Pondicherry Maharashtra Navi Mumbai, Mumbai, Nagpur, Panvel, Pune, Nashik, Kalyan MP & Chhattisgarh Bhopal, Gwalior, Raipur, Indore Uttar Pradesh Lucknow, Meerut, Greater Noida, Agra, Varanasi,, Dehradun, Kanpur, Allahabad Gujarat Ahmedabad, Vadodara Bihar- Patna Kerala Calicut, Kochi, Thiruvananthapuram, Thrissur Uttarakhand-Dehradun Andhra Pradesh Nellore, Ongole, Tirupathi, Guntur, Kakinada, Vizag, Vijayawada, Vizag- Steel Plant, Warangal, Rajahmundry, Kurnool, Vizianagaram, Telangana Hyderabad (7 branches), Warangal, Karimnagar, Khammam Odisha Bhubaneshwar Delhi & Haryana (NCR) New Delhi (2 branches) Gurgaon, Noida**, Sonepat, Faridabad, Dharuhera, Karnal, Ambala, Rohtak 19

20 Stock Price & Book Value - Year to Year Amounts in Rupees Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar' 16 BVPS Share Price Face Value Rs.10/- per Equity Share Closing price as on the last trading day of the respective financial year/specific days (Source: BSE) Book Value for March 16 is computed based on actual no. of shares and equity as on 31/03/

21 Figures with future perspectives Expected Loan book size will be Rs.35,000 Cr by 31/03/20 (Vision 2020 document) Business Budgets for : Loan book size of Rs.13,500 Cr (from Rs.10,643 Cr at Mar 16) Number of Branches/Satellite Offices to be up at 175 (from 140 as at Mar 2016) 30 new Offices (10 branches & 20 Satellite Offices) added during Q1 taking the network to th Annual General Meeting of the Company is convened to be held on 20/07/16. Being expressed during Investor/ Analyst Meet, TV Interviews, Press Releases, one-to-one interactions etc. 21

22 Disclaimer The forward looking statements and projections, if any, contained in this presentation are predictions and involve known and unknown risks, uncertainties and other factors including the future changes or developments, the competitive environment, ability to implement the strategies and initiatives, technological changes, political, economic, regulatory and social conditions in India etc. that may cause the actual results, performance and achievements of CFHL to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements or other projections. 22

23 Management Team Managing Director - Mr. Sarada Kumar Hota Deputy General Managers (5) Mrs. Shamila M, New Delhi Mr. Rm. Veerappan, Annasalai - Insp Unit Mr. P.Vijaya Sekhara Raju, P & D -RO Mr. Ajay kumar G Shettar, BLR-Koramangala Mr. Atanu Bagchi, CFO(KMP) RO Asst. Gen. Managers (11) Mr. Sudhakar B M, BLR-Vijayanagar Mr. N.Babu, Kukkatapally Mr. G.K.Nagaraja Rao, BLR-Jayanagar Mr. Prashanth Shenoy, Credit, HR - RO Mr. A.Madhukar, HYD - Gachibowli Mr. V.Durga Rao, IT - RO Mr. R.Murugan, CHN - Annasalai Mr. Prakash Shanbogue B, BLR-Sahakarnagar Mr. Jagadeesha Acharya, BLR- Cunningham Raad Mr. M.Sundar Raman, CHN-Tambaram Mr. Sanjay Kumar J, Noida Chief Managers (23) Mr. H.R.Narendra, BLR-Hesargatta Mr. Prashanth Joishy, Mum-Borivalli Mr. Srinivas Malladi, HYD-Nampalli Mr. Mallya P S, BLR-Kengeri Mr. A.Uthaya Kumar, CBE-Gandhipuram Mr. Srinivas K, NCR-Faridabad Mr. D.R.Prabhu, BLR-Marathalli Mr. R.Madhu Kumar, Bhopal Mr. Arun Kumar V, BLR-Basavanagudi Mrs. Veena G Kamath, Company Secretary (KMP) RO Mr. Jayakumar N, Hosur Mr. S N Venkatesh, BLR-Sarjapur Mr. P Badri Srinivas, Vijayawada Mr. R Hariharasubramanian, Madurai Mr. M Naveen Prabhu, BLR-Begur Mr. N Sivasankaran, Trichy Mr. T T Achuthanand, Vishakapatnam Mr. Vinayaka Rao M, BLR-Electroniccity Mrs. Reshma Mallya, RO Mrs. J Meenakshi, RO Mr. Santosh Prakash Srivastav, Jaipur Mrs. Chitra Srinath, BLR-Uttarahalli Mrs. Mallika Shetty- BLR-Kanakapura 23

24 Appendix Year-wise statistics on: a) Business Profile b) Earnings Profile c) Financial & Ratios 24

25 Business Profile Sl. No. Parameters QFY16 1QFY17 1 Loan Approvals(Rs. in cr) Loan Disbursements (Rs. in cr) 3 Total Loan Outstanding (Rs. in cr) Out of 3 above, (i) Housing Loans (Rs. in cr) (ii) Non Housing Loans (Rs. in cr) Borrowings (Rs. in cr.) NPA (i) Gross NPA (Rs. in cr.) (ii) Gross NPA % (iii) Net NPA % NIL NIL NIL

26 Business Profile Sl. No. Parameters QFY16 1QFY17 7 Average Assets (Rs. in cr.) (i) Housing Loan (ii) Non Housing Loan (iii) Investments Average Borrowings (Rs. in cr.) No. of Branches/Offices (i) Branches (ii) Satellite Offices No. of employees (incl. Junior Officers on Contract)

27 Earnings Profile Sl. No. 11 Parameters QFY16 1QFY17 Interest Collected (Rs. in cr) i. Housing Loan ii. Non Housing Loan iii. Investment 12 Processing Charges (Rs. in cr) Other Income (Rs. in cr) Total Income (Rs. in cr) ( ) Interest Paid (Rs. in cr) Net Interest Income (NII) (Rs. in cr) (11-15) Staff Cost (Rs. in cr) Other Expenses (Rs. in cr) i. Establishment (Rent, Repairs & maintenance, Professional fee, Advertising, Auditors fee) ii. DSA Commission iii. IT payments etc. iv. Others (Travelling & conveyance, bank charges, rates & taxes, electricity, postage, etc.)

28 Earnings Profile Sl. No. Parameters QFY16 1QFY17 19 Depreciation (Rs. in cr) Operating Cost (Rs. in cr) ( ) Bad Debts written off (Rs. in cr) Total Cost (Rs. in cr) ( ) Operating Profit (Rs. in cr) (14-22) Provisions & Taxes (Rs. in cr) i. Standard Assets ii. Non Performing Assets iii. Income Tax iv. Deferred Tax Liability/(Asset) 8.00 (3.56) Net Profit (Rs. in cr) (23-24)

29 Financial Ratios Sl. No. Parameters QFY16 1QFY17 26 Share Capital (Rs. in cr) Reserves (Rs. in cr) Shareholder s Funds - Tier I (Rs. in cr) (26+27 DTA) Number of Shares (in cr) Tier II Capital (Rs. in cr) - SA Provision -Tier II Bonds Dividend i. Percentage ii. Amount (Rs. in cr) excluding tax iii. Payout Ratio % iv. Dividend yield % Book Value (BV) (FV of share 10) (Rs. ) ((26+27)/29) * Note: Sl No 31 :Subject to declaration at the ensuing Annual General Meeting. Sl. No 33&34 for FY : If computed based upon average Equity(Since Right Issue capital was received /accounted on 13/03/2015 only) ROE will be 18.20% and EPS will be Rs for Sl No 35 : If computed including DTL component (Rs.9.69 Cr.), ROA will 1.37% for Earnings per Share (EPS) (25 / 29) (Rs.) Return on Equity (ROE) % (25 /(26+27)) Return on Average Asset (ROA) % (25 / 7)

30 Financial Ratios Sl. No. 36 Parameters QFY16 1QFY17 Closing Stock Price (CMP/NSE) ( as on 31 st March) CMP/ Earnings Ratio (P/E Ratio) (36/ 33) CMP / Book Value (P/B Ratio) ( 36/ 32) Risk Weighted Assets (Rs. in cr) Capital Adequacy Ratio (CAR) % ((28+30)/39) Net Interest Margin (NIM) % pa (16/ 7) * 3.24* 3.04* 3.39* 42 Cost to Income Ratio % (20 / ( )) Average Business Per Branch (Rs. in cr) Average Business Per Employee (BPE) (Rs. in cr) Average Yield on Assets % pa (11/7) Average Cost of Borrowings % pa (15/8) Interest Spread % pa (45-46) Gearing Ratio (5/28) Note: Sl * If processing Charge (Sl.No. 12) is added, NIM will be 2.94% pa for , 3.66% for and 3.77% for Jun 16 (vs 3.38% for Jun 15) 30

31 Thank You 31